Lecture 18 (Climate Change: Move to Action (Winter 2008))
Lecture 18, Mandatory and Voluntary Carbon Markets in 2008, Justin E. Felt. This is a description of market principles and the motivation of using a carbon market as an environmental policy tool. Then there is a discussion of how the Kyoto Protocol was written and modified in negotiations in anticipation of a carbon markets. The lecture ends with a summary of current carbon markets and discussion of the possible future of carbon markets.
- Cap and Trade Explanation
- Kyoto Protocol
- Flexible Mechanisms
- Trading Volumes and Prices
- North American Carbon Market
World Bank: Carbon Markets Trends and Update (2007) Assigned Pages 3-7.
Additional Relevant Reading: